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BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Silvergate, Silicon Valley Bank - What's Happening?
The banks are getting thirsty and they're thirsty for not a couple million, not a couple billion, but I think when you zoom out that we're talking trillions. What happened with Silvergate is they found a niche in one sector and that sector was crypto and they over allocated. And FTX, they decided that they didn't do due diligence on FTX and Alameda. That was also a really big problem when that went down. It's great in a bull market, but it's pretty bad in a bear market.
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